Use the following financial information to find the entry you would make on an income statement for cost of goods sold for the year ended december 31, 2011: gross sales, $180,000; sales returns and allowances, $9,000; sales discounts, $6,300; merchandise inventory, january 1, 2011, $60,900; merchandise inventory, december 31, 2011, $66,700; net purchases, $58,300; freight in, $600; salaries, $84,700; rent, $22,000; utilities, $1,125; insurance, $2,025; and income tax, $17,750.

Nominal gross domestic producta. is a measure of the overall level of pricesb. measures the value of final goods and services produced within the borders of a given country during a given time period using current pricesc. measures the value of final goods and services produced within the borders of a given country during a given time period corrected for changing pricesd. only changes when the level of output changes

Which of these is not a result of regular exercise

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer